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BEG
BEG
BEG - Beige Holdings - Trading Update for the Year Ended 31
March 2009
BEIGE HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1997/006871/06)
("Beige" or "the company")
ISIN Code: ZAE000034161 & Share code: BEG
Trading Update for the year ended 31 March 2009
Introduction
As advised on 24 November 2008 and 26 November 2008,
shareholders are advised that the company will be restating
its prior year earnings due to, inter alia, the impact of the
Crystal Pack acquisition as previously announced.
Trading update
In terms of the Listings Requirements of the JSE Limited ("the
JSE"), listed companies are required to publish a trading
statement as soon as they become reasonably certain that the
financial results for the next period to be reported on will
be more than 20% different from those of the previous
corresponding period.
The following increases and decreases in earnings are
expected:
- Earnings per share expected to increase between 180% and
200% based on previous published prior year results.
- Earnings per share expected to increase between 145% and
165% based on restated results for the prior period.
- Headline earnings per share expected to decline between 15%
and 35% based on previous published prior year results.
- Headline earnings per share expected to increase between 15%
and 35% based on restated results for the prior period.
Included in the current year results and restated prior year
results are unrealised profit positions in respect of fair
value adjustments of financial instruments. If these
unrealised profit positions are eliminated, the increase in
earnings per share in the current year compared to the
restated results for the prior year is expected to be between
115% and 135%.
The financial information on which this trading statement is
based has not been reviewed nor reported on by the company`s
auditors.
On behalf of the board
Johannesburg
26 June 2009
Designated Advisor
Arcay Moela Sponsors (Proprietary) Limited
Date: 29/06/2009 07:05:02 Produced by the JSE SENS Department.
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